BitConnect News

As the BitConnect saga slowly unravels, an Australian BitConnect promoter received a travel ban and had its assets frozen following a request made to Federal Court by the Australian Securities and Inv (BCC, BTC)

TL;DR John Bigatton, Australia's sole representative of BitConnect project, has had his accounts frozen in addition to receiving a travel ban from the Federal Court, as per ASIC's request. Bigatton wa (BCC, BTC)

In this edition of The Daily, we look at the latest regulatory development in Europe - Belarus High Technologies Park has adopted new regulations for In this edition of The Daily, we look at the latest regulatory development in Europe - the Belarus High Technologies Park has adopted new regulations for cryptocurrency companies. (BCC)

More than a dozen lawsuits targeting Bitconnect have been merged into one case following the filing of an Amended Consolidated Class Action Complaint on Thursday. The amended complaint has been filed with the U.S. District Court for the Southern District of Florida. (BCC)

Regulation The securities department of the US state of North Dakota has issued orders against three companies promoting initial coin offerings in the state. They are Bitconnect, Magma Foundation, and (BCC)

Cryptocurrency scams take many forms. But one thing they all share is the goal of enriching their founders at the expense of investors. If a crypto project is investing a large portion of its capital into lavish parties, PR stunts and marketing, there's a strong chance that it's a scam. (BCC)

An American musical preludeBitconnect, the now-defunct crypto lending and exchange platform that has been ousted as a ruinous Ponzi scheme, has memorably been compared by the Silver Miller law firm to (BCC)

The authorities of two U.S. states have reportedly asked Indian officials to seize the property of the promoters of Bitconnect since citizens of their states have invested in the company and lost money. One promoter has already been arrested and the investigators are tracking down another promoter. (BCC, BTC)

The United States Securities and Exchange Commission [SEC] has rejected another ETF. The disapproval of the ETF which included the BitConnect is the ETF proposed by the NYSE Arca. NYSE Arca had propos (BCC, BTC)

Murkier details of the Bitconnect cryptocurrency scam have emerged as police have arrested the head of the defunct cryptocurrency exchange. Bitconnect - A Murkier details of the Bitconnect cryptocurrency scam have emerged as police have arrested the head of the defunct cryptocurrency exchange. (BCC)

The biggest Ponzi scheme in the cryptocurrency space, BitConnect, is back in the limelight. The news which made it to the spotlight this time concerns a police arrest. The Head of BitConnect for India (BCC)

Alleged India Bitconnect head, Divyesh Darji, was arrested this week at a airport in Delhi as he arrived from Dubai. He and conspirators are accused of bilking millions of dollars (Rs 88,000 crore) from Indian investors seeking to find financial refuge during the government's demonetization campaign. (BCC)

Legal proceedings are fast gaining traction several months after the infamous cryptocurrency Ponzi scheme Bitconnect was shut down in January 2018. YouTube to Testify Against Bitconnect In the latest (BCC, BTC)

The Ontario Securities Commission has issued a warning against five unlicensed crypto companies involved in schemes to encourage investors to trade or invest in cryptocurrencies. The regulator started gathering information about these platforms after receiving complaints about them. (BCC, BTC)

An increasing number of stores have started accepting bitcoin cash (BCH) and a few other cryptocurrencies. This bitcoin cash adoption roundup features five vendors that recently started accepting the digital currency including a brand new cafebar dedicated to 15 cryptocurrencies. (BCC, BCH, BTC)

Many share extremely similar names and some have identical abbreviations. On Wednesday, one token pumped by 300% after a group of traders mistakenly bought it, thinking they were purchasing a different asset entirely. (BCC, BCH, ETH, WAVES)

John Oliver's latest segment on cryptocurrency not only informs viewers of the current state of the market, but also hammers home why they should always think twice before taking the plunge. (BCC, EOS)

Pewdiepie may be late to the Bitconnect bashing party, but he's made up for it in a searing 15-minute sketch. Finally I can quit making Youtube videos, this is the answer BITCONEEEEEECT! the world's (BCC, BTC)

Following the fallout from fraudulent Ponzi-scheme Bitconnect's demise, New Jersey has officially ordered cryptocurrency investment entity Bitstrade to stop offering unregistered and fraudulent securities in the state. (BCC)

Texas regulatory authorities have issued a cease and desist order to another scam crypto investment scheme just a few weeks after sending BitConnect packing. Authorities are Busy in Texas Barely a few (BCC, BTC)

A Louisville resident has filed a lawsuit against a firm based in the UK in a federal court, claiming he was swindled by a cryptocurrency scam investment scheme organized by the company. The case file (BCC, BTC)

Bitconnect is facing litigation from six individuals accusing the company of operating a Ponzi scheme in addition to numerous violations of securities laws. The six plaintiffs collectively invested ap (BCC, BTC)

The fall of Bitconnect was as certain as night follows day. A pyramid scheme wrapped inside a Ponzi with a side order of WTF, Bitconnect was as crazy as it was calamitous. The only miracle was that th (BCC)

Ponzi lending smart bot scam Bitconnect finally did what most sane observers predicted long, long ago. It went splat. And it didn't collapse due to government pressure, nor flurries of bad press, and (BCC, BTC)

The controversial cryptocurrency, Bitconnect, has once again landed in the spotlight for the wrong things. According to the company's website, it has officially announced to shut its lending and excha (BCC, BTC)

The bloodbath in the cryptocurrency market extended into Wednesday with severe declines in both prices and market capitalization. Going with the flow, the BitConnect coin tanked more than 90 percent as the company said it's shutting down its platform and cryptocurrency exchange. (BCC)

Bitconnect, the lending and exchange platform that was long suspected by many in the crypto community of being a Ponzi scheme, has announced it's shutting down. In a release on its website the platfor (BCC, BTC)

Cryptocurrency company BitConnect has said it's closing its lending and exchange platform after receiving cease and desist letters from Texas and North Carolina. The move has helped spark a big selloff in BitConnect Coin, a virtual currency. (BCC)